Wedbush Weighs in on Harley-Davidson Inc's Q1 2017 Earnings (HOG)

Harley-Davidson Inc (NYSE:HOG) – Wedbush upped their Q1 2017 earnings per share (EPS) estimates for Harley-Davidson in a research report issued on Monday, according to Zacks Investment Research. Wedbush analyst J. Hardiman now expects that the company will earn $ 1.07 per share for the quarter, up from their previous forecast of $ 1.04. Wedbush currently has a “Neutral” rating and a $ 53.00 target price on the stock. Wedbush also issued estimates for Harley-Davidson’s FY2017 earnings at $ 3.93 EPS and FY2018 earnings at $ 4.22 EPS.

Several other research firms have also recently commented on HOG. Citigroup Inc dropped their target price on shares of Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating on the stock in a research report on Monday, March 6th. Argus reissued a “hold” rating on shares of Harley-Davidson in a research report on Friday, February 3rd. Royal Bank of Canada lifted their target price on shares of Harley-Davidson from $ 58.00 to $ 60.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 5th. Deutsche Bank AG reissued a “hold” rating and set a $ 50.00 target price (down previously from $ 52.00) on shares of Harley-Davidson in a research report on Thursday, April 20th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $ 63.00 target price (up previously from $ 58.00) on shares of Harley-Davidson in a research report on Friday, April 14th. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $ 56.12.

Earnings History and Estimates for Harley-Davidson (NYSE:HOG)

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Harley-Davidson (NYSE:HOG) traded down 0.50% on Wednesday, reaching $ 56.11. The company’s stock had a trading volume of 1,506,919 shares. Harley-Davidson has a 12 month low of $ 41.63 and a 12 month high of $ 63.40. The stock’s 50 day moving average price is $ 59.76 and its 200 day moving average price is $ 58.51. The company has a market cap of $ 9.88 billion, a P/E ratio of 16.00 and a beta of 0.88.

Harley-Davidson (NYSE:HOG) last posted its earnings results on Tuesday, April 18th. The company reported $ 1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $ 1.02 by $ 0.03. The firm had revenue of $ 1.33 billion for the quarter, compared to analyst estimates of $ 1.35 billion. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The company’s revenue for the quarter was down 15.7% on a year-over-year basis. During the same period in the previous year, the company posted $ 1.36 earnings per share.

A number of hedge funds have recently bought and sold shares of HOG. First Trust Advisors LP increased its stake in Harley-Davidson by 13.7% in the first quarter. First Trust Advisors LP now owns 177,209 shares of the company’s stock valued at $ 10,721,000 after buying an additional 21,389 shares in the last quarter. MUFG Securities EMEA plc acquired a new stake in Harley-Davidson during the first quarter valued at $ 269,000. Eagle Ridge Investment Management increased its stake in Harley-Davidson by 1.2% in the first quarter. Eagle Ridge Investment Management now owns 91,219 shares of the company’s stock valued at $ 5,519,000 after buying an additional 1,117 shares in the last quarter. LSV Asset Management increased its stake in Harley-Davidson by 2.1% in the first quarter. LSV Asset Management now owns 4,004,414 shares of the company’s stock valued at $ 242,267,000 after buying an additional 80,843 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in Harley-Davidson by 0.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 540,810 shares of the company’s stock valued at $ 32,719,000 after buying an additional 2,311 shares in the last quarter. 89.54% of the stock is owned by institutional investors and hedge funds.

In other news, SVP Michelle Kumbier sold 3,049 shares of Harley-Davidson stock in a transaction on Monday, February 6th. The shares were sold at an average price of $ 56.56, for a total transaction of $ 172,451.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Donald A. James sold 100,000 shares of Harley-Davidson stock in a transaction on Friday, February 10th. The stock was sold at an average price of $ 56.88, for a total transaction of $ 5,688,000.00. Following the sale, the director now directly owns 5,523 shares of the company’s stock, valued at $ 314,148.24. The disclosure for this sale can be found here. Insiders have sold a total of 103,960 shares of company stock valued at $ 5,912,378 over the last 90 days. Company insiders own 0.99% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Thursday, May 25th will be given a dividend of $ 0.365 per share. The ex-dividend date of this dividend is Tuesday, May 23rd. This represents a $ 1.46 dividend on an annualized basis and a dividend yield of 2.60%. Harley-Davidson’s dividend payout ratio (DPR) is currently 38.22%.

Harley-Davidson Company Profile

Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.

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Craig Ballantyne

I love anything to do with Harley Davidson and have two beautiful children and a beautiful partner. In my spare time i like building websites and love anything to do with the internet.

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